Reported about 6 hours ago
US stock indexes rose significantly on January 15, 2025, following a positive update on inflation, with the S&P 500 increasing by 1.8%, marking its best day in two months. The Dow Jones gained 1.7%, and the Nasdaq saw a 2.5% rise, buoyed by strong earnings from major banks like Wells Fargo, Citigroup, and Goldman Sachs. The rally in stocks also led to a decrease in Treasury yields, raising hopes for possible interest rate cuts from the Federal Reserve later this year.
Source: YAHOO